Allen J. Carlson, President and Chief Executive Officer of Sun Hydraulics Corporation (Sun), recently announced that he would transition from his role as Sun’s President and Chief Executive Officer effective March 31, 2016. In connection with Mr. Carlson’s announcement, the Company’s Board of Directors named Company Vice Chairman Wolfgang H. Dangel as President and Chief Executive Officer, effective April 1, 2016. Mr. Carlson will remain on the Board of Directors.
Sun is a global designer and manufacturer of high performance screw-in hydraulic cartridge valves and manifolds for worldwide industrial and mobile markets.
Mr. Carlson stated, “As I approached my 65th birthday, after 20 years at Sun, the last 15 as CEO, I advised the Board of my desire to transition from my role as President and CEO sometime after the end of this fiscal year. Working with the Board as part of our ongoing strategy and management succession planning, it became clear to me that next spring would be an appropriate time for this transition. I look forward to working with Wolfgang and contributing to Sun’s future success as a member of the Board.”